Ieq Capital LLC Lowers Position in SentinelOne, Inc. (NYSE:S)

Ieq Capital LLC cut its holdings in SentinelOne, Inc. (NYSE:S) by 1.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,237,298 shares of the company’s stock after selling 19,889 shares during the quarter. Ieq Capital LLC owned approximately 0.40% of SentinelOne worth $26,045,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in S. Eminence Capital LP lifted its stake in SentinelOne by 89.7% in the fourth quarter. Eminence Capital LP now owns 5,434,754 shares of the company’s stock worth $149,130,000 after acquiring an additional 2,569,781 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in SentinelOne in the second quarter worth about $36,237,000. Vanguard Group Inc. lifted its stake in SentinelOne by 7.2% in the first quarter. Vanguard Group Inc. now owns 25,158,987 shares of the company’s stock worth $586,456,000 after acquiring an additional 1,694,407 shares during the period. Sylebra Capital LLC lifted its stake in SentinelOne by 15.9% in the first quarter. Sylebra Capital LLC now owns 6,122,877 shares of the company’s stock worth $142,724,000 after acquiring an additional 838,818 shares during the period. Finally, Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. purchased a new stake in SentinelOne in the first quarter worth about $16,507,000. 90.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SentinelOne

In other news, CFO David J. Bernhardt sold 2,631 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $20.56, for a total transaction of $54,093.36. Following the sale, the chief financial officer now owns 504,085 shares of the company’s stock, valued at approximately $10,363,987.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO David J. Bernhardt sold 2,631 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $20.56, for a total transaction of $54,093.36. Following the transaction, the chief financial officer now owns 504,085 shares in the company, valued at approximately $10,363,987.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David J. Bernhardt sold 11,222 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.40, for a total value of $240,150.80. Following the transaction, the chief financial officer now owns 477,781 shares in the company, valued at approximately $10,224,513.40. The disclosure for this sale can be found here. Insiders have sold 574,769 shares of company stock valued at $12,295,560 in the last 90 days. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Needham & Company LLC increased their price target on shares of SentinelOne from $25.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, August 26th. Guggenheim reissued a “buy” rating and set a $23.00 price target on shares of SentinelOne in a research report on Tuesday, June 25th. Citigroup increased their price target on shares of SentinelOne from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. The Goldman Sachs Group reissued a “neutral” rating and set a $25.00 price target on shares of SentinelOne in a research report on Friday, September 13th. Finally, DA Davidson increased their price target on shares of SentinelOne from $18.50 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $27.83.

SentinelOne Trading Up 3.3 %

Shares of NYSE:S opened at $25.09 on Friday. SentinelOne, Inc. has a twelve month low of $14.33 and a twelve month high of $30.76. The company’s 50 day moving average is $22.67 and its 200 day moving average is $21.81. The company has a market cap of $7.96 billion, a PE ratio of -24.60 and a beta of 0.67.

SentinelOne (NYSE:S) last issued its quarterly earnings data on Tuesday, August 27th. The company reported $0.01 EPS for the quarter. The business had revenue of $198.94 million for the quarter, compared to analysts’ expectations of $197.32 million. SentinelOne had a negative net margin of 38.91% and a negative return on equity of 15.42%. The business’s revenue was up 33.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.26) EPS. Equities research analysts predict that SentinelOne, Inc. will post -0.73 earnings per share for the current fiscal year.

SentinelOne Company Profile

SentinelOne, Inc operates as a cybersecurity provider in the United States and internationally. Its Singularity Platform delivers an artificial intelligence-powered autonomous threat prevention, detection, and response capabilities across an organization's endpoints, cloud workloads, and identify credentials, which enables seamless and autonomous protection against a spectrum of cyber threats.